Markets Now

JPMorgan reaches $290 million settlement with Jeffrey Epstein victimsJPMorgan Chase has agreed to pay $290 million to settle a class-action lawsuit from Jeffrey Epstein’s sexual abuse victims, according to David Boies, one of the victims’ attorneys.   Read full article

‍George Soros has handed control of his charitable and political activities to his son AlexBillionaire George Soros, a leading philanthropist and contributor to liberal political causes, has tapped his 37-year old son Alexander Soros to lead his charitable Open Society Foundations and political action committee, a foundation spokesperson confirmed.   Read full article

‍The AI boom is here. Is it too late to invest?Wall Street has a lot to worry about – recession and war in Europe, interest rate hikes, sticky inflation, and a softening US economy. But there’s at least one sector of market euphoria keeping investors optimistic: artificial intelligence.   Read full article

‍'Bumps and pain' coming for the US economy, says Goldman Sachs CEOThe US economy has been surprisingly resilient this year, but painful bumps are likely coming, said Goldman Sachs CEO David Solomon in an interview with CNBC on Monday morning.   Read full article

‍7-Eleven is giving the Slurpee a makeoverThe Slurpee, an iconic 7-Eleven frozen drink, is getting a makeover.   Read full articleA massive

UPS strike could devastate the economy. It could be just eight weeks awayThe Teamsters union is holding a vote right now among more than 330,000 members to authorize a strike against UPS. If UPS workers strike, it would be the largest single-employer strike in US history. And it could take place in less than eight weeks.   Read full article

Source: CNN Business